Bank of England raises interest rate by 25 basis points.
In a regulatory filing, Canara Bank stated that it had received the whole payment, or Rs121.29 crore, for the sale of its stake on Thursday.
The BoE's nine rate-setters voted 7-2 to raise the Bank Rate by 25 basis points, to 4.25%, sounding more optimistic about the outlook for the modest rate of economic development in the nation.
According to a BSE filing, the parties to the proposed transaction, for which a legally binding memorandum of understanding had previously been signed, had "executed a Share Purchase Agreement and finalized the transaction."
Money market funds saw inflows of $121 billion in the week in which SVB collapsed.
Acquisition done for Rs 18.45 crore.
Vedanta is the parent company of Hindustan Zinc.
Floor price for the offer-for-sale set at Rs 2,450 per share.
US Federal Reserve goes for a lower 25 basis point hike.
Markets expecting 25 basis point interest rate hike from Federal Reserve.